I – Inventory management terms

iaas

Infrastructure as a Service (IaaS) makes computing available over the internet. Most companies that utilize IaaS technology connect over the internet to access computing resources like software and applications. IaaS often consists of companies that use the service instead of running machines and software in-house.

ice cream distribution software

Ice cream distribution software optimizes and strengthens ice cream production and distribution operations via advanced inventory and business management capabilities.

inactive inventory item

An inactive inventory item is an inventory item without recent or forecasted usage.

independent demand

Independent demand is an inventory control term referring to demand for an item in inventory independent of demand for another related item. (Ex: staples and staplers).

industrial distribution software

Industrial distribution software is inventory software designed to manage the inventory, business management and complex operations of industrial supply distribution businesses.

industrial equipment inventory software

Industrial equipment inventory software is inventory software designed for businesses in the industrial equipment industry.

industry-standard components

Software designed using industry-standard components provides maximum flexibility and integrates with top technology providers.

integrated inventory management

Integrated inventory management refers to an inventory management system that integrates business processes across an entire organization.

internal part number

An internal product number is a custom product number created for internal use by a company that may contain numbers, letters, special characters and embedded spaces.

in-transit inventory

In-transit inventory is inventory that has left one location, typically the manufacturer, but not arrived at the destination location. In-transit inventory tracking is the ability to track the inventory before or after its arrival at or departure from the company.

inventory

Inventory includes the products, raw materials, work-in-process goods and finished goods that make up the inventory that is or will be for sale by a company.

inventory accounting software

Inventory accounting software is software to manage the inventory accounting & control for businesses.

inventory accuracy

Inventory accuracy is the process of maintaining accurate inventory counts through the use of inventory software, controls, tools & discipline.

inventory adjustment

An inventory adjustment adjusts the inventory recorded in the system to the quantity of actual inventory available.

inventory analysis

Inventory analysis is a process to determine the optimum level of inventory needed.

inventory and order management

Inventory and order management optimizes operations, reduces expenses, and leads to more satisfied customers.

inventory and order management software

Inventory and order management software manages the inventory, purchasing, sales orders, order fulfillment and other business functions for a company.

inventory and warehouse management

Inventory and warehouse management involves tracking and organizing items in storage facilities to optimize inventory levels, streamline operations, and fulfill customer orders efficiently.

inventory application

An inventory application, also called inventory software or inventory applications, is a software application designed to manage the inventory for businesses.

inventory audit

An inventory audit, also called an inventory count, is the process of auditing or counting existing inventory in stock to ensure correct inventory quantities.

inventory available

The inventory available is the inventory or products that are available for sale to customers.

inventory barcode scanner

An inventory barcode scanner is an electronic scanner for reading barcoded inventory.

inventory barcode software

Inventory barcode software is software integrated with barcode hardware forming an inventory barcode system to manage the inventory and business processes of a company.

inventory barcoding systems

Inventory barcoding systems include the barcode software and barcode hardware allowing items to be tracked and managed more efficiently and accurately.

inventory breakage

Also called inventory shortage, inventory breakage refers to inventory that is lost, missing or broken.

inventory business software

Inventory business software is software designed to control the inventory and business management functions of a company.

inventory carrying cost

Inventory carrying cost refers to the costs of having inventory or goods in stock.

inventory checklist

Also called inventory count sheets, an inventory checklist is a checklist that is printed or displayed on a handheld device to record current inventory as it is counted.

inventory committed to customers

Inventory committed to customers is inventory that has been sold or promised to customers.

inventory committed to production

Raw materials or inventory committed to production is inventory that is allocated for the production of finished goods.

inventory computer programs

Also called inventory software or inventory applications, inventory computer programs are designed to manage inventory for businesses.

inventory control

Inventory control is the process of controlling and maintaining the right amount of inventory to maximize sales without oversupply.

inventory control management

Inventory control management combines the use of inventory management software, personnel and procedures to manage and maintain inventory control.

inventory control management software

Also called an inventory control management system or an inventory control program, inventory control management software is software for businesses to maintain inventory control.

inventory control software

Inventory control software is software designed to improve inventory control by tracking and managing inventory items more efficiently & accurately.

inventory control system

An inventory control system is system for maximizing inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.

inventory control systems

Inventory control systems unite inventory control procedures, inventory software and oversight to create a system to effectively manage inventory for a business.

inventory controls

Inventory controls include the system, software, policies, and procedures used to maintain the optimum quantity of inventory.

inventory cost

Inventory cost is the cost associated with holding inventory, including storage costs, insurance and taxes.

inventory count

An inventory count, also called inventory counting, is the process of counting existing inventory in stock.

Inventory count sheets

Inventory count sheets are printed or displayed on a handheld device to record current inventory.

inventory counting

Inventory counting, also called an inventory count, is the process of counting existing inventory in stock.

inventory days

Inventory days are the number of days that a given inventory level will satisfy customer demand.

inventory for QuickBooks

An inventory for QuickBooks solution integrates robust inventory software with QuickBooks to provide inventory management for QuickBooks users.

inventory forecasting

An inventory forecast is a prediction of future sales demand and inventory needs based on past history and known market changes.

inventory history

The inventory history is a comprehensive record of buying and selling activities from the original request to the completion of the order with visibility into current status, progress and activity completion status.

inventory in process

Inventory in process, also called work in process or in-process inventory, includes unfinished inventory items in a production process.

inventory in QuickBooks

Managing inventory in QuickBooks is achieved by integrating robust inventory software with QuickBooks to provide inventory management for QuickBooks users.

inventory information system

An inventory information system is system for maximizing inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.

inventory in-transit

Inventory in transit is inventory that has been ordered and is en route from the shipper.

inventory invoicing software

Inventory invoicing software, also called inventory invoice software, is inventory management software that includes sales order management, invoicing and service management invoicing capabilities.

inventory labeling

Inventory labeling is the process of adding labels to inventory on products, bins or both.

inventory management

Inventory management combines inventory management software, processes and procedures to ensure the correct quantities of inventory are ordered and managed to satisfy customer demand.

inventory management and control

Inventory management and control includes the software, management, systems and control processes to identify inventory requirements, forecast demand, and maintain the right inventory at the least investment.

inventory management application

An inventory management application is application software designed to manage inventory, warehousing, purchasing, invoicing, customer service, bar coding and other business management functions.

inventory management for pharmaceutical distributors

Inventory management for pharmaceutical distributors provides the tools needed in the pharmaceutical distribution industry to ensure medications move through the pharmaceutical supply chain and safely reach consumers when needed.

inventory management program

An inventory management program is an inventory system for small to mid size businesses to handle sales, purchasing, and inventory management and control.

inventory management QuickBooks

Inventory management for QuickBooks combines QuickBooks accounting with inventory management capabilities to create an inventory management solution fully-integrated with QuickBooks.

inventory management small business

Inventory management for small business requires a comprehensive, easy to use system to manage buying, selling, and managing inventory and business activities across the company.

inventory management software

Inventory management software is software designed to improve inventory control by tracking and managing inventory items more efficiently & accurately.

inventory management software capabilities

What does inventory management software do? Inventory software minimizes costs and maximizes profits with a wide range of features and capabilities.

inventory management software small business

Inventory management software for small business is software designed to help the small business manage inventory, purchasing, warehousing, sales, and customer service.

inventory management solution

An inventory management solution monitors and manages inventory, purchasing, warehousing, picking, shipping, sales and customer service activities across the entire business.

inventory management system

An inventory management system is an inventory system for small to mid size businesses to handle sales, purchasing, inventory management, warehousing, and customer service.

inventory management system software

Inventory management system software is software designed to maximize inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.

inventory management systems

Inventory management systems combine inventory management software, processes and procedures to ensure the correct quantities of are ordered and maintained to satisfy customer demand.

inventory management tools

Inventory management tools help businesses control inventory and determine the right balance between customer service and inventory investment.

inventory management warehouse

Inventory management and warehouse management software integrates inventory management, inventory planning, inventory forecasting, warehousing and business management functions across a business.

inventory methods

Inventory methods are the manner in which a company accounts for inventory.

inventory module

Inventory module(s) are purchasable add-on tools for businesses using inventory software seeking additional assistance in satisfying certain needs.

inventory moves

Inventory moves, also called inventory transfers, records the transfer of inventory to a new location within a warehouse, from a warehouse to another location, such as a delivery truck, or between warehouses within a company.

inventory on order

Inventory on order is an inventory purchasing order status identifying that inventory has been ordered and is awaiting receipt.

inventory physical count

An inventory physical count, or physical inventory count, is the process to reconcile the item quantities recorded in the inventory system with an actual physical count.

inventory planning and control

Inventory planning and control includes the software, management, systems and processes to identify inventory requirements, forecast demand, and maintain the right inventory at the least investment.

inventory planning software

Inventory planning software is software with features to assist with predicting of planning for future inventory needs and demand.

inventory procedures

Inventory procedures are processes and procedures implemented to ensure the right inventory in the right amount is maintained without overstocking.

inventory process

The inventory process includes inventory control, warehousing, picking and shipping and the associated business management functions associated the sales and distribution of goods and materials.

inventory program

An inventory program is inventory software that unites inventory control procedures, inventory software and oversight to create a system to effectively manage inventory for a business.

inventory program software

Inventory program software is specialized software designed for businesses to manage inventory acquisition, distribution, multiple location warehousing activities, CRM, purchasing, sales order management and decision support.

inventory programs

Inventory programs are software programs that manage the inventory, purchasing, sales orders, order fulfillment and other business functions for a company.

inventory QuickBooks

An inventory for QuickBooks solution integrates robust inventory software with QuickBooks to provide inventory management for QuickBooks users.

inventory ratios

Inventory ratios, also called inventory turnover ratios, compares the cost of goods sold with the cost of inventory and indicate how effectively and efficiently the inventory is being managed.

inventory receiving

Inventory receiving is the process of recording items received into a warehouse or location.

inventory reduction

Inventory reduction is the process of eliminating excess, non-performing inventory.

inventory replenishment

Inventory replenishment is the process of reordering inventory once the stock has been depleted.

inventory report

An inventory report provides managers with the real-time information needed to review, analyze, and predict ongoing and future inventory needs.

inventory reports

Inventory reports include standard and custom reports on virtually any data housed in the system, providing vast visibility into business operations.

inventory reserve

An inventory reserve is a portion of a company’s earnings set aside to pay for and maintain company inventory.

inventory returns

Inventory returns are handled through the RMA process which tracks returned inventory and related information by referencing the system-generated RMA number.

inventory sales

Inventory sales order management provides small & midsized businesses a software solution with fully-integrated inventory and sales order management that simplifies both pre-sale and post-sales activities and back office operations.

inventory sales software

Inventory sales software is software that manages the inventory, purchasing, sales orders, order fulfillment and other business functions for a company.

inventory shortage

Inventory shortage, also called inventory shrinkage or breakage, refers to inventory that is lost, missing or broken.

inventory software

Inventory software is software designed to maximize inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.

inventory software barcode

Inventory software to barcode, or barcode software, enables the printing & scanning of bar coded labels & documents, by associating the bar code with the correct items in the inventory management software.

inventory software demo

Schedule a free inventory software demo and consultation to discuss your specific business needs.

inventory software for small business

Inventory software for small business is software designed to handle the sales, purchasing, warehousing, customer service, and inventory management and control needs of small businesses.

inventory software program

An inventory software program is inventory software that unites inventory control procedures, inventory software and oversight to create a system to effectively manage inventory for a business.

inventory software programs

Inventory software programs manage the inventory, purchasing, sales orders, order fulfillment and other business functions for a company.

inventory software small business

Inventory software for small business, also called small business inventory software, provides an integrated system for small businesses to maintain inventory control & business management.

inventory software solution

An inventory software solution combines the use of inventory management software, personnel and procedures to maintain inventory control for small businesses.

inventory software system

An inventory software system is designed to maximize inventory control by maintaining the right amount of inventory to maximize sales without oversupply.

inventory softwares

Inventory softwares are specialized softwares designed for inventory intensive businesses to manage acquisition, distribution, multiple location warehousing activities, CRM, purchasing, sales order management and decision support.

inventory solution

A feature-rich inventory solution is an integrated solution that enables companies to gain control of their inventory, warehousing and business and manage everything from inventory to customer service management.

inventory stock

Inventory stock includes the products, raw materials, work-in-process goods and finished goods that make up the stock that is or will be for sale by a company.

inventory stock management

Inventory stock management combines the use of inventory management software, personnel and procedures to maintain inventory control.

inventory supply chain

An inventory supply chain combines the use of inventory management software, personnel and procedures to maintain inventory control throughout the supply chain.

inventory system

A inventory system integrates inventory management, inventory control, the purchasing of inventory, warehousing, manufacturing and other functions of a business.

inventory system software

Inventory system software is software designed to manage the supply chain and business management functions of a company.

inventory systems

Inventory systems are designed to maximize inventory control by maintaining the right amount of inventory to maximize sales without oversupply.

inventory tool

An inventory tool maximizes inventory control by integrating inventory control, warehouse management and other business management activities across a business.

inventory tools

Inventory tools provide a robust set of business management tools, including purchasing, inventory, warehousing, manufacturing and decision support tools.

inventory tracking

Inventory tracking and management of inventory is critical for small and mid-sized inventory intensive businesses to achieve efficiencies, maximize inventory control and improve profitability.

inventory tracking software

Inventory tracking software, also called an inventory tracking program, tracks inventory and manages the purchasing, sales orders, order fulfillment and other business functions for a company.

inventory tracking systems

Inventory tracking systems connect inventory tracking procedures, inventory software and management oversight together in a system to effectively manage inventory for a business.

inventory transfers

Inventory transfers record the transfer of inventory to a new location within a warehouse, from a warehouse to another location, such as a delivery truck, or transfers between warehouses within a company.

inventory turnover rate

Inventory turnover rate measures how many times inventory is sold and replaced during a period, typically a year.

inventory turnover ratio

An inventory turnover ratio, also called inventory ratio, compares the cost of goods sold with the cost of inventory and indicates how effectively and efficiently the inventory is being managed.

inventory warehouse management

Inventory warehouse management includes the control of inventory across one location or many and the associated warehouse management tasks.

inventory warehousing

Inventory warehousing efficiently manages warehouse tasks, control inventory across one location or many, and provide instant visibility into the process.

inventorying

Inventorying, also called an inventory count, is the process of auditing or counting existing inventory in stock to ensure correct inventory quantities.

invoice inventory software

Invoice inventory software, also called inventory invoice software, is inventory management software that includes sales order management, invoicing, and service management invoicing capabilities.

invoice management software

Invoice management software tracks & invoices for products and services sold.

issue management

Issue management is the tracking and trending of product issues, defects, bugs, service issues and product enhancement requests.

issue tracking

Issue tracking includes capturing issues for resolution and/or trend analysis, identifying common issues and business impacts, and prioritizing enhancement requests for improved product development decision-making.